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Bloomsbury Publishing reports strong unaudited interim results for the six months ended 31 August 2014.

M2 BEST BOOKS-(C)2000-2014 M2 COMMUNICATIONS

Bloomsbury Publishing Plc, an independent publisher of fiction and non-fiction titles, on Thursday released its unaudited interim results for the six months ended 31 August 2014, which show adjusted profit before taxation of GBP1.7m, compared to GBP2.3m in the same period of 2013.

The company recorded adjusted diluted earnings per share of GBP0.0197 for the six months ended 31 August 2014, down from adjusted diluted earnings per share of GBP0.0222 in 2013.

In Bloomsbury's Children's & Educational division, revenue for the period increased to GBP11.2m, up by 8% on the GBP10.4m recorded for the same six months in 2o13. The publisher's Adult division generated 30% of Group revenue during this six month period, compared to 28% last year. Its total revenues increased by 1% to GBP14.0m, compared to GBP13.9m a year ago.

Bloomsbury's new digital platform, Bloomsbury Collections, also generated revenues of GBP2.0m, an increase of 65% over the same period last year.

Nigel Newton, Bloomsbury's chief executive, commented:

"We have a strong publishing list for the second half including Paul Hollywood's British Baking, Tom Kerridge's Best Ever Dishes and River Cottage Light & Easy by Hugh Fearnley-Whittingstall. We expect results to continue to be significantly second-half weighted, as in the past. October is the peak for academic book sales and Christmas is the peak season for the sale of general books."

(USD1 = GBP0.62)

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Publication:M2 Best Books
Article Type:Financial report
Date:Oct 23, 2014
Words:250
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